The OMB has received for review a proposed rule from the DOL aimed at reducing costs and improving participant understanding of retirement plan disclosures.
The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health reimbursement arrangements (HRAs) and more.
A litigation firm has listed what it is investigating for potential lawsuits over target-date funds (TDFs) in retirement plans, and an ERISA attorney make suggestions for how plan fiduciaries may avoid such suits.
A federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower valuation of the stock was an immediate equitable benefit to participants.
Employees can access prescription cost information and comparative cost information about medical procedures and treatments on a single portal.
The 9th Circuit has ruled that Supreme Court decisions show forced arbitration is in fact permissible in the context of Employee Retirement Income Security Act litigation.
The discount is for businesses that set up a new 401(k) plan ahead of the October 1 government deadline for safe harbor plan designs.
Research found low engagement levels with health benefit programs, and one problem it identifies is employees are often required to access multiple disparate systems to learn about and access their full range of health benefits.
The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags that appeared in the appraisal of the stock that was used to set the share price for a 2010 purchase.
The IRS says that, as published, its Notice of Proposed Rulemaking (NPRM) contains errors which may prove to be misleading and need to be clarified.
As with legislation introduced previously, employers without retirement plans would be required to automatically enroll employees into an IRA at a 3% default deferral rate.
A Revenue Ruling addresses whether an individual’s failure to cash a distribution check received alters the employer’s obligations with respect to withholdings and reporting under the Internal Revenue Code.
Courts should “recognize that Congress and the SEC have already made a judgment about when a public disclosure would do more harm than good, and prudent fiduciaries should generally not second-guess that judgment,” an amicus curiae brief states.
A report suggests the move to self-fund health benefits, especially among small employers, is reversing, but other data doesn’t, and sources say self-funding can still be a good choice.
